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Pivot Trading

  • #5,381
  • Dec 5, 2016 9:39am Dec 5, 2016 9:39am
Hello, always with USDJPY as i don't have much time to trade other pairs.
hit 4 tickets +200 pips @pivot thanks to the gap.

This is the latest setup , shorting from @R38 (mind the lots).

So far so good.
This time 1st TP @Pivot , 2nd @S38.
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"Letting losses run is the most serious mistake made by most investors."W.O
  • #5,382
  • Dec 5, 2016 10:09am Dec 5, 2016 10:09am
Update 1 : TP1 hit already.
TP2 @S38. Can even go to @S61 if it breaks the upper trend.

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"Letting losses run is the most serious mistake made by most investors."W.O
  • #5,383
  • Dec 5, 2016 12:38pm Dec 5, 2016 12:38pm
Quoting liamseden
Hello, always with USDJPY as i don't have much time to trade other pairs. hit 4 tickets +200 pips @pivot thanks to the gap. This is the latest setup , shorting from @R38 (mind the lots). So far so good. This time 1st TP @Pivot , 2nd @S38. {image}
Hi, I am new on this thread, and I like your chart. Could I please knwo where to gt the template from with the indicators?
  • #5,384
  • Dec 5, 2016 12:41pm Dec 5, 2016 12:41pm
Quoting shimmering
{quote} Hi, I am new on this thread, and I like your chart. Could I please knwo where to gt the template from with the indicators?

First post of the the thread, has them all.
  • #5,385
  • Dec 5, 2016 1:40pm Dec 5, 2016 1:40pm
Quoting griffinssoul
climb-the-flagpole play - GCad slam'd into the R61 - UCad was look'n weak but i didnt like the PA - 3 tickets [all trail'n sellstops] hit ....... {image}
H4 seems to be treating you well, GS. May I ask if you're using weekly/monthly pivot?
  • #5,386
  • Dec 5, 2016 9:23pm Dec 5, 2016 9:23pm
One secret that I really love about pivot trading is that as prices move away from the weekly pivot, the chances get bigger that it will pull back. I use this to mark my entry point.
  • #5,387
  • Dec 5, 2016 9:37pm Dec 5, 2016 9:37pm
Hi friends even though I don't post much lately I do read them. My life lately has been chaotic. My son Should come home tomorrow if all the tests comes out negative.
Should start focusing on trading soon.
Have UJ short AJ short EU long ATM
May hold this until I am satisfied profit vs risk

green pips friends
In trading, you have to be defensive and aggressive at the same time
  • #5,388
  • Dec 5, 2016 9:40pm Dec 5, 2016 9:40pm
Quoting skipper13
I forgot to create screenshots. My result of today with "David's" strategy. {image}
great job continue on by the way its Davit! with a T
In trading, you have to be defensive and aggressive at the same time
  • #5,389
  • Dec 5, 2016 9:44pm Dec 5, 2016 9:44pm
Quoting Alamhakim
The UJ trade worked out well overnight, I could do with some help in profit taking with Davit and team experience. {image}
PA has been over erratic on UJ and EU lately with Italian vote etc.My advise is watch PA and get out if it starts eating up your profits.,
Things are going to be erratic until Feds date Dec 14 after no matter what happens expect USD to lose value quick.Hike is pretty much priced in hence strong moves against USD is probable hence why I am holding my positions longer.
In trading, you have to be defensive and aggressive at the same time
  • #5,390
  • Dec 5, 2016 10:55pm Dec 5, 2016 10:55pm
Quoting Davit
Hi friends even though I don't post much lately I do read them. My life lately has been chaotic. My son Should come home tomorrow if all the tests comes out negative. Should start focusing on trading soon. Have UJ short AJ short EU long ATM May hold this until I am satisfied profit vs risk green pips friends
Hi Davit,

Missed your post re your Son. Sorry to hear about his collapsed lung. It must have come as a big shock and anxious moment for you and your wife. Hope all is ok for your Son now.

I had a few friends growing up in my teens years (long time ago) that had collapsed lungs for no particular reason. Seems to be more prevalent in tall, thin kids more than others.

All best.
  • #5,391
  • Dec 5, 2016 11:49pm Dec 5, 2016 11:49pm
Quoting griffinssoul
big-bottom play - AN H4 triple bottom - went in after 2nd bottom on the S38 - PA broke out but came back 4 3rd bottom ...... 3 tickets left wit no refund {image}
update - PA came back & ask'd 4 refund - i said no ........ looks like poss quadruple bottom on the S38 ........
  • #5,392
  • Dec 5, 2016 11:55pm Dec 5, 2016 11:55pm
Quoting dethkult
{quote} H4 seems to be treating you well, GS. May I ask if you're using weekly/monthly pivot?
H4 doesnt know i exist ......... yeah both pivots dethkult - the MN will tell ya if PA is extend'd 4 the period - u can dial down 2 W1 then ....... but its only useful on the H4 IMO

Quoting Tarfest
One secret that I really love about pivot trading is that as prices move away from the weekly pivot, the chances get bigger that it will pull back. I use this to mark my entry point.
thats the worlds worst 'secret' cause its on page 1 of this public thread .........
  • #5,393
  • Dec 6, 2016 8:50am Dec 6, 2016 8:50am
Quoting Davit
Should come home tomorrow if all the tests comes out negative....
Davit, I just want to give you and your family some encouragement. I had a sudden lung collapse (both) 15 years ago and was in an induced coma from the last week in December 'til the 2nd week in February. The doctors said I had less than a 9% chance of surviving. Came out okay. They also said that the chances of this happening again were no more likely than that it happened the first time....

I'm sending every best wish for your son's full recovery.
  • #5,394
  • Edited 9:15am Dec 6, 2016 9:00am | Edited 9:15am
Quoting mary4x
{quote} Davit, I just want to give you and your family some encouragement. I had a sudden lung collapse (both) 15 years ago and was in an induced coma from the last week in December 'til the 2nd week in February. The doctors said I had less than a 9% chance of surviving. Came out okay. They also said that the chances of this happening again were no more likely than that it happened the first time.... I'm sending every best wish for your son's full recovery.
Mary thank you and glad you survived your case looked scary and I am sure you were but great you came out of it..My wife just called he is officially coming home
Such a huge relief thanks again
In trading, you have to be defensive and aggressive at the same time
  • #5,395
  • Dec 6, 2016 9:13am Dec 6, 2016 9:13am
Quoting squawk
{quote} Hi Davit, Missed your post re your Son. Sorry to hear about his collapsed lung. It must have come as a big shock and anxious moment for you and your wife. Hope all is ok for your Son now. I had a few friends growing up in my teens years (long time ago) that had collapsed lungs for no particular reason. Seems to be more prevalent in tall, thin kids more than others. All best.
Hi Squawk
Yes he is tall and skinny and doctors had no explanation.Thank you and he should be discharged today.Waiting for a phone call from hospital.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #5,396
  • Dec 6, 2016 9:14am Dec 6, 2016 9:14am
Hi Davit, how are you? Hope everything goes well, also with your son speedup recovery

I have two pair running EA and EU, both sell.

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I know one thing, that I know nothing - Socrates
  • #5,397
  • Dec 6, 2016 9:17am Dec 6, 2016 9:17am
Quoting Tamarind77
Hi Davit, how are you? Hope everything goes well, also with your son speedup recovery I have two pair running EA and EU, both sell. {image} {image}
Thanks T just keep eye on those trades ECB meeting Thurs.Could send the Euro 110+
I wanted to long EA and EC but was too distracted.
In trading, you have to be defensive and aggressive at the same time
  • #5,398
  • Dec 6, 2016 9:20am Dec 6, 2016 9:20am
Quoting Davit
Hi friends even though I don't post much lately I do read them. My life lately has been chaotic. My son Should come home tomorrow if all the tests comes out negative. Should start focusing on trading soon. Have UJ short AJ short EU long ATM May hold this until I am satisfied profit vs risk green pips friends
Its good to hear that your son will come home soon. Just try your best to be calm. Everything will work out well pretty soon. Family first, the market will always be here. Cheers!
  • #5,399
  • Dec 6, 2016 9:21am Dec 6, 2016 9:21am
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  • #5,400
  • Dec 6, 2016 9:26am Dec 6, 2016 9:26am
Quoting Davit
{quote} Thanks T just keep eye on those trades ECB meeting Thurs.Could send the Euro 110+ I wanted to long EA and EC but was too distracted.
I think better selling EC, i heard about oil price will rise, OPEC planning to cut production number.
What your opinion about that Davit?
I know one thing, that I know nothing - Socrates
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